I plan to quit forex! | Page 56 | Forex Factory

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  • #1,101
  • Nov 2, 2017 9:58am Nov 2, 2017 9:58am
Quoting BenDunk
{quote} Some discord I have at your point. There is nothing 100% in Forex trading , so sometimes we have to depend on luck but not at all times.
My apologies, that was a typo on my part. It was supposed to be "it is not a matter of luck".
That said, I do agree with your point. Sometimes we just get lucky when we trade, especially if we've made a mistake when analyzing the charts. However, that is not something any trader should or could rely on.
  • #1,102
  • Nov 3, 2017 8:29am Nov 3, 2017 8:29am
Quoting BenDunk
{quote} Some discord I have at your point. There is nothing 100% in Forex trading , so sometimes we have to depend on luck but not at all times.
NO -depend on luck and you will luck out !
every Saint has a past. Every Sinner has a Future
  • #1,103
  • Nov 4, 2017 5:58am Nov 4, 2017 5:58am
But sometimes we have to trade with no analysis when market moves at random .
that time there is no way to depend on luck.
  • #1,104
  • Nov 4, 2017 8:24am Nov 4, 2017 8:24am
Quoting BenDunk
But sometimes we have to trade with no analysis when market moves at random . that time there is no way to depend on luck.
The alternative is not to trade such a market though. Also, there are plenty of currency pairs to trade, if one is caught in a range one can always pick another.
  • #1,105
  • Nov 4, 2017 3:16pm Nov 4, 2017 3:16pm
Quoting BenDunk
But sometimes we have to trade with no analysis when market moves at random . that time there is no way to depend on luck.
Better to avoid trading during the times when the market goes unpredictable. I think those trading with no clue of what they are doing usually ends up loosing their money.
  • #1,106
  • Nov 6, 2017 9:06am Nov 6, 2017 9:06am
Quoting jollypk
{quote} Better to avoid trading during the times when the market goes unpredictable. I think those trading with no clue of what they are doing usually ends up loosing their money.
I agree. Unless one turns out to be extraordinarily lucky - and most people aren't and no one can rely on that - trading like that will only lead to loss.
  • #1,107
  • Nov 6, 2017 12:04pm Nov 6, 2017 12:04pm
What about people who are trading news?
Whether you think you can, or you think you can't,you're right. H.F.
  • #1,108
  • Mar 23, 2018 4:03am Mar 23, 2018 4:03am
Quoting Simply-Me
What about people who are trading news?
Yes, I do news trading! What do you want to know actually?
  • #1,109
  • Mar 23, 2018 11:19am Mar 23, 2018 11:19am
Quoting Simply-Me
What about people who are trading news?
I am not sure what you mean, what about news trading?
  • #1,110
  • Mar 23, 2018 11:55am Mar 23, 2018 11:55am
If you need lucky to trade forex, you can't be a trader. It need time, knowledge, and practicing every time. You should look at charts daily to learn, to understand price move, before you make a real trade, you should draw a line at where you would place trade, follow it, many times again until you feel comfortable when using real money to trade, if you still worry about that, only draw a line, again and again.
  • #1,111
  • Mar 23, 2018 2:05pm Mar 23, 2018 2:05pm
Quoting Wasuka
If you need lucky to trade forex, you can't be a trader. It need time, knowledge, and practicing every time. You should look at charts daily to learn, to understand price move, before you make a real trade, you should draw a line at where you would place trade, follow it, many times again until you feel comfortable when using real money to trade, if you still worry about that, only draw a line, again and again.
Trading can be easier if you know how to manage it. I have seen so many traders can’t profit regularly in spite of having good knowledge and experience, because there is no trading discipline . by means of real trading discipline there is a possibility to earn good result even though there is not analyzing trading knowledge.
  • #1,112
  • Mar 25, 2018 9:36pm Mar 25, 2018 9:36pm
I have seen many traders quitting Forex because they do not earn money. But they have never tried the right way of learning to earn money.
  • #1,113
  • Mar 27, 2018 2:59pm Mar 27, 2018 2:59pm
I feel like this often. I have read several books. I know the formulas for several indicators. It never seems more than a gamble. Every indicator. No indicator is 100% is an understatement. Many of them are under 50% accurate. I just want a system that works. I try to create my own. I know how to program and I paper trade heavily. Obviously, people are making money. I have taken the babypips course. Read john murphy technical analysis naked trading and a whole much of other books. It seems the business is selling methods. They give you perfect setups as examples in the book but you are unlikely to ever see those in real life. Sometimes the perfect conditions go in the opposite direction. What is the way? At times forex seems like a bunch of people selling how to trade and they likely aren't successful themselves.
NOTHING CAN BEAT THE LAW OF SUPPLY AND DEMAND.
  • #1,114
  • Mar 30, 2018 4:42am Mar 30, 2018 4:42am
Yeah it is a good idea if you think that it is not for me. Many people do not understand this and lose more money. Every business needs different psychology and mindset. Not all businesses are for all. It's completely ok to quit.
  • #1,115
  • Mar 30, 2018 5:15am Mar 30, 2018 5:15am
Quoting JonathanHob
Yeah it is a good idea if you think that it is not for me. Many people do not understand this and lose more money. Every business needs different psychology and mindset. Not all businesses are for all. It's completely ok to quit.
I really agree with you, Forex is one of the most channeling professions, and the success ratio is below the 10%. So, it’s not for all.
  • #1,116
  • Mar 30, 2018 6:39am Mar 30, 2018 6:39am
According to me, If you can be more disciplined from beginners level , of course within very short time the maximal result will come out and there is no way to quite Forex. Because, due to lacking of discipline by and large traders become loser form this trading place.
  • #1,117
  • Mar 30, 2018 9:53am Mar 30, 2018 9:53am
Quoting MitchellMcC
According to me, If you can be more disciplined from beginners level , of course within very short time the maximal result will come out and there is no way to quite Forex. Because, due to lacking of discipline by and large traders become loser form this trading place.
True, one should be organized and disciplined in order to trade well. The earlier a trader learns this, the better.
  • #1,118
  • Apr 18, 2018 10:48pm Apr 18, 2018 10:48pm
Quoting mlawson71
{quote} True, one should be organized and disciplined in order to trade well. The earlier a trader learns this, the better.
But we see generally , most of the traders who are particularly beginners always ignore trading discipline , they take this market place as a casino and become ultimately loser when try to earn profit rapidly.
  • #1,119
  • Apr 19, 2018 9:46am Apr 19, 2018 9:46am
Quoting MitchellMcC
{quote} But we see generally , most of the traders who are particularly beginners always ignore trading discipline , they take this market place as a casino and become ultimately loser when try to earn profit rapidly.
I think they just don't know how to be disciplined yet. That is a learned skill in most people, it's not something inborn.
  • #1,120
  • Apr 19, 2018 11:37am Apr 19, 2018 11:37am
Gosh, where should I start?
Don't give uo!
Everyone burnt the account with real money.
Now I am wiser.
I am smarter.
I know when to trade and when to wait.,
It's as simple as that.
I don't want to quit.
Losers give up.
Those who make it never do. They stay.
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